U.S. Bancorp stock price

U.S. Bancorp latest news:

02/21/2018 14:01:15

Stocks end volatile session lower as rally collapses in wake of Fed minutes

U.S. stocks ended a volatile session on a downbeat note on Wednesday, as an afternoon rally quickly fizzled in the wake of the Federal Reserve releasing the minutes to its most recent meeting. The Dow Jones Industrial Average fell 168 points, or 0.7%, to 24,797. The S&P 500 lost 15 points to 2,701, a drop of 0.6%. The Nasdaq Composite Index sank 16 points, or 0.2%, to 7,218. All three had been solidly higher in afternoon trading, but they sharply retreated as investors struggled to digest the minutes, which pointed to a strong economy, but also the "increased likelihood" of more rate hikes ahead. The news pushed the U.S. dollar higher and sent the yields for the 10-year Treasury note to a four-year high of 2.95%. Recent trading on Wall Street has been driven by the prospect of inflation returning to the economy, and the Fed having to become more aggressive in raising rates to combat such a scenario. One bright spot for markets was banks, which typically do well in rising-rate environments due to the positive impact it has on their net interest margins. Among notable gainers, Citigroup Inc. rose 0.7% while Zions Bancorp was up 1.6%. Regions Financial closed up 1.1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

02/15/2018 11:27:14

US Bank pays $613 million over money laundering charges

U.S. Bancorp to pay $613 million to settle allegations that the bank had a lax anti-money laundering program

02/15/2018 11:02:23

U.S. Bancorp hit with $613M in penalties for lax money laundering controls

Bank ignored red flags on millions of dollars linked to race car driver and payday lender Scott Tucker, who was later convicted of money laundering

02/15/2018 10:39:26

US Bank pays $613 million over money laundering charges

U.S. Bancorp is paying $613 million to settle allegations the bank had poor anti-money laundering controls, which put the bank repeatedly at risk of being used as a conduit for criminals.

02/15/2018 10:02:26

U.S. Bancorp to pay $613 million for money-laundering violations

WASHINGTON (Reuters) - The U.S. Justice Department has reached a $613 million settlement with U.S. Bancorp over charges that it willfully failed to have an adequate anti-money-laundering program, the department said on Thursday.

02/15/2018 09:00:06

U.S. fines U.S. Bancorp $613 mln for money-laundering violations

The U.S. Justice Department announced criminal charges against U.S. Bancorp (USB) on Thursday, alleging the bank willfully failed to have a sufficient anti-money laundering program, and reached a $613 million settlement.

WASHINGTON, Feb 15 (Reuters) - The U.S. Justice Department
announced criminal charges against U.S. Bancorp on
Thursday, alleging the bank willfully failed to have a
sufficient anti-money laundering program, and reached a $613
million settlement.

01/16/2018 13:42:41

BRIEF-U.S. Bancorp Names Andy Cecere Board Chairman

U.S. Bancorp(USB): * U.S. BANCORP NAMES ANDY CECERE CHAIRMAN OF THE BOARD OF DIRECTORS, EFFECTIVE APRIL 2018. * U.S. Bancorp(USB) - DAVID O'MALEY WILL CONTINUE IN HIS ROLE AS BOARD'S LEAD INDEPENDENT DIRECTOR Source text for Eikon: Further company coverage: